Peoples Bank OH Has $797,000 Holdings in CSX Co. (NASDAQ:CSX)

Peoples Bank OH cut its position in CSX Co. (NASDAQ:CSX) by 2.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,488 shares of the transportation company’s stock after selling 645 shares during the period. Peoples Bank OH’s holdings in CSX were worth $797,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new position in shares of CSX during the fourth quarter worth approximately $27,000. Life Planning Partners Inc acquired a new position in shares of CSX during the fourth quarter worth approximately $27,000. Financial Synergies Wealth Advisors Inc. acquired a new position in shares of CSX during the first quarter worth approximately $29,000. Valued Wealth Advisors LLC lifted its position in shares of CSX by 172.7% during the first quarter. Valued Wealth Advisors LLC now owns 938 shares of the transportation company’s stock worth $35,000 after purchasing an additional 594 shares in the last quarter. Finally, Burkett Financial Services LLC acquired a new position in shares of CSX during the fourth quarter worth approximately $34,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Down 2.7 %

Shares of CSX stock traded down $0.91 during trading hours on Tuesday, hitting $32.48. 14,924,310 shares of the company were exchanged, compared to its average volume of 11,897,752. The business has a 50 day moving average of $33.37 and a two-hundred day moving average of $35.09. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 1.42. CSX Co. has a 52 week low of $29.03 and a 52 week high of $40.12. The company has a market capitalization of $63.50 billion, a PE ratio of 17.85, a PEG ratio of 1.72 and a beta of 1.20.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Wednesday, April 17th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. CSX had a net margin of 24.75% and a return on equity of 29.58%. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. Analysts anticipate that CSX Co. will post 1.96 earnings per share for the current fiscal year.

CSX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, May 31st. CSX’s dividend payout ratio is 26.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada reduced their target price on shares of CSX from $37.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 18th. Benchmark reissued a “buy” rating and set a $40.00 price target on shares of CSX in a research note on Thursday, April 18th. Susquehanna dropped their price target on shares of CSX from $44.00 to $40.00 and set a “positive” rating for the company in a research note on Tuesday, June 25th. Bank of America downgraded shares of CSX from a “buy” rating to a “neutral” rating and set a $37.00 price target for the company. in a research note on Monday. Finally, Wells Fargo & Company assumed coverage on shares of CSX in a research note on Friday, June 7th. They set an “equal weight” rating and a $35.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CSX presently has an average rating of “Moderate Buy” and an average price target of $37.39.

About CSX

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.